East West Petroleum (EW.v): Give David Sidoo credit, at least he's consistent

For your general edification and entertainment, let's catch up on how the Marin Katusa / Casey Research led scam pump East West Resources (EW.v) has been doing. We've featured it on a number of occasions at this humble corner of cyberspace (here and here tend to be ongoing popular posts) but today we're homing in on Executive Chairman David Sidoo's contribution to the cause...which so far has basically been throwing his own money down the Katusa Krush™ black hole:

(click to enlarge with sharper focus too)

It's incredible to think that installing a failed restauranteur as head guy of an Oil & Gas junior hasn't paid off so far...can't think why that should be. Hey David, you know this old joke?

Q: What the best way to make a small fortune in the stock market?

A: Start with a large fortune, then.....

Got something to hide, Marin?

Looks like Casey Research is into cyberburial of criticisms. Your list of instructions:

1. Check out the December 2010 IKN post "Marin Katusa's Modus Operandi and East West Petroleum (EW.v)" on the link.
2. Go to the photoshow at the bottom of the page.
3. Mouse over the links provided to the biographies of the scummy, self-serving threesome that make up KBH Capital, namely Marin Katusa, Marc Bustin and Joe Hung. You'll note as you mouse over (without clicking) if you look in the bottom left of your screen that the url's originally provided did indeed go to the correct places.
4. Now click through the three biog links provided. The links now go to completely separate places in the Casey Research website and feature people that don't even work for the shop any more. The internal links have clearly been swapped by Casey people to send people to the wrong places.

Isn't this fun? It's almost as if Marin and his pally pals have something to hide, isn't it?

another day's mailbag

You guys keep me amused via my mailbox, and for that I thank you. Here's an example from "regular reader" this morning:

Just in case you are tempted to partake in a bit of self-flagellation on this Easter weekend, I recommend you listen to this instead.

http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/04/21/marin-katusa/americas-looming-energy-disaster

It should do the trick...

Thanks for that, RR (you know who you are).

Meanwhile, we note that Marin's dead horse energy play Ram Power (RPG.to) got flogged today:

Inquiring minds wonder if there two occurrences are related? And said minds also wonder if CBM Asia (TCF.v) got its own pumperooney from the morally bereft p&d scamster? Doubt that, cos it's just sooooo 2010, innit Marin?

UPDATE: Stunningly good feedback from reader TK:

I got a chuckle when I tried to open the Katusa link RR sent you in RealPlayer, and this message popped up (I’m not kidding!): “This clip cannot be played. It contains unexpected data and may be corrupt.”

 

Even RealPlayer has figured Katusa out…?

How Casey Research fakes its track record

One of the ways it does it like this:

1) Recommend hundreds of stocks
2) Never sell the losers
3) Boast about the amazing track record of closed trades.

Here's an example: Remember last year when we looked at Marin Katusa's bullshit about CBM Asia (TCF.v), the stock he pumped no end before it started sinking in classic Katusa Krush style*? Well at the time he decided to give up on the stock he put a "sell at 30c" call on it, thus avoiding the embarrassment of selling at half that price when his initial recommend was up there at 80c. He justified his bullshit sell-that-isn't-a-sell call by saying that "..[i]t may take some time to sell our stock, but with patience, the merits of the property should allow us an opportunity to exit the stock at or above C$0.30."

So let's see if patience has paid off since those words of Katusa's back in late July 2010:

Hmmm...more of that patience medicine needed, yeah Marin?

This is the Casey Research modus operandi and how it manages to fool so many people into believing its totally unaudited propaganda about unbeatable returns. What's more the above is one example of the many because this happens all the time. So, dear reader, why not start your own unaudited research house yourself? Remember, all you need to do is:

1) Pick a boatload of stocks

2) Take profits on the winners

3) Ignore the losers and never sell them by putting stupid "sell at" calls on them

4) Boast about closed trades.

You'll get 'em flocking to your door, too. Then with the money you make you can leverage yourself into the private placement world and scam them both sides....just like our hero Marin.

*by the way, the similarity between the TCF.v chart and that of EW.v is remarkable. I wonder why? And the RPG.to chart, come to think of it. Anyone else spot a common denominator between those three?

Marin Katusa front-runs and screws his Casey Research sheep...again

Hey dudettes and dudes, remember East West Petroleum (EW.v), the Marin Katusa pumped scam that zoomed higher late last year on his incessant pumping? Well IKN does and so we thought it was a good time to see how Marin's bigshot hot tip was getting on since it ran its $30m dollar financing in December. So here's the chart:

Oh looky, the thing has dropped like a stone and is back to the pre-pump price levels. Now there's a shocker. Y'know, I think we should name this kind of chart action after Marin, as I know he'd be pleased to have a moniker out there in TA. So as Bollinger has his bands and Mac has his Dee, what about the Katusa Krush?

Let us remember at this point that East West Petroleum (EW.v) is the very same company that 1) is being pumped by Casey Research and 2) gave fat finder's fees to KBH Capital, the entity comprised of Casey Research's Marin Katusa, Casey Research's Marc Bustin and Casey Research's Joe Hung and also let's note how 3) Marc Bustin was put in as a director of EW.v last year. More details on the sordid connections to Duggie's self-serving empire right here (along with reminders of how Katusa's similar foray with TCF.v ended very very badly).

And the cherry on the cake is that the company chairman is a guy named David Sidoo, a Vancouver restauranteur and buddy buddy of....roll on the drums....yes...you've guessed already havent you?...Marin Katusa! Sidoo dude, you shudda stuck to waiting on tables.